Greenbrier Earnings: Here’s Why Shareholders Are Smiling

Greenbrier Companies (NYSE:GBX) delivered a profit and topped Wall Street’s revenue expectations. The revenue beat is a positive sign to shareholders as shares are up 1.62%.

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Greenbrier Companies Earnings Cheat Sheet

Results: Net income decreased -28.37% to $10.4 million (35 cents per diluted share) in the quarter versus a net gain of $14.52 million in the year-earlier quarter.

Revenue: Rose 4.32% to $415.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Greenbrier Companies reported adjusted net income of 35 cents per share. By that measure, the company missed the mean analyst estimate of $0.36. It beat the average revenue estimate of $400.42 million…

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Quoting Management: “Our four key focus areas for 2013 are: enhancing operating margins, expanding product and service offerings, increasing free cash flow, and business diversification and growth. We are confident that this focus coupled with our diverse product offerings, integrated business model, and flexible manufacturing footprint position us to continue to gain share, enhance margins, and to grow through the cycle. We believe we have a long runway ahead, in each of our business segments, to drive shareholder value,” William A. Furman, President and CEO.

Key Stats:

Revenue decreased 6.34% from $443.54 million in the previous quarter. Net income increased 40.35% from $7.41 million in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.61 to a profit $0.39. For the current year, the average estimate has moved down from a profit of $2.65 to a profit of $1.88 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)

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